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the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising any more taxes doesn't make any sense. this is politics trumping economic sense. second problem is fixing the debt and there's this debate about how much revenue, how much s
the boehner plan does that. >> if the boehner plan doesn't specific where his taxes come from. it says unnamed tax loopholes. >> before -- they moved and said listen we're willing to do $8 hurricane katrina billion in deductions not just for scoring. that's a huge concession. where is the president's concession. >> let me ask doug. that's a great point. i don't see the president -- in fact president has become harder line. he was somewhat -- he was somewhat accommodating right...
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you hear speaker boehner saying the perhaps wasn't paying attention election. the reality is the white house has a bigger bully pulpit here. so how they maneuver and handle themselveses is important. we are talking a few weeks before we see the fine print that you are talking about. >> bret: you know, we were out on the campaign trail. for people who thought once we got past the election this would be breathing room to deal with big ticket items that the country has to deal with. you know, turn the aircraft carrier or start to turn it so we're going in the right direction, it doesn't seem like we are doing that. >> it doesn't seem like that at all. what did we think? thinking that, you know, putting this problem off until the very end was suddenly easier at the end than in the beginning? it was status quo election in some respects. three leaders are still in the position. it shouldn't be that surprising to us. >> surprising to me that the president essentially who would get revenues he wants from the deductions and the exclusions but insist on the rates not for
you hear speaker boehner saying the perhaps wasn't paying attention election. the reality is the white house has a bigger bully pulpit here. so how they maneuver and handle themselveses is important. we are talking a few weeks before we see the fine print that you are talking about. >> bret: you know, we were out on the campaign trail. for people who thought once we got past the election this would be breathing room to deal with big ticket items that the country has to deal with. you...
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. >> then it looks like a win for boehner. that's -- i see that as his way not to lose his job and not to have all those republicans who, by the way, really don't like him being in the room alone. he becomes, you know, more of a collaborationist in that room alone with obama. >> they would prefer certain members of the republican party would like to see these televised, these negotiations televised on c-span. john boehner has said i don't want any of the congressional leadership. it's me and you. >> seconds and thirds in there have cantor in there and mccarthy in there, some other people. >> i'm sure cantor would like to be in there. >> yes. >> michael steele, the other thing -- the other sort of pieces of leverage here, if they exist for the republican party, are continuing unemployment insurance. 2.1 million long-term unemployed americans will lose benefits at the end much the year. another million will lose benefits in the next three months if we do nothing. the republicans have sort of said we're going to hold this stuff.
. >> then it looks like a win for boehner. that's -- i see that as his way not to lose his job and not to have all those republicans who, by the way, really don't like him being in the room alone. he becomes, you know, more of a collaborationist in that room alone with obama. >> they would prefer certain members of the republican party would like to see these televised, these negotiations televised on c-span. john boehner has said i don't want any of the congressional leadership....
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Dec 2, 2012
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to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can't be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it done. >> you get a sense hearing from both of them that is a real possibility. what do you make of the negotiation of the tactic? it seems like what secretary geithner behalf of the president brought to the table. reports that senator mcconnell laughed out loud when he got the report. is it posturing and are both sides enfrenched they won't find middle ground? >> possibility. let me take the optimistic possibility here. that would be that with the white house demanding one $1 $1.6 trillion in revenue. gets to 1.2 or tri
to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can't be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it...
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Dec 5, 2012
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the republicans have offered substantial -- boehner has offered substantial tax increase, $800 billion, actually, but he believes it can be done by closing loopholes without raising the rates, which would be better for the economy. i don't believe we need to raise taxes. we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute. the reason we're not making progress, let me tell you -- and i've been consistent on this. they're bringing these numbers up in secret. if they were laid out in public so the american people knew just how much taxes they were increasing, just how little spending reductions -- or how much increases in spending. as a political mover, very eff
the republicans have offered substantial -- boehner has offered substantial tax increase, $800 billion, actually, but he believes it can be done by closing loopholes without raising the rates, which would be better for the economy. i don't believe we need to raise taxes. we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got...
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this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get you the $600 billion -- i'm sorry, $800 billion in additional revenue the speaker is talking about here. where he gets that from, we'll have to get that answer from the speaker's office. you can imagine right now their phone lines are scrammed and operators are not standing by. >> thanks. you have to start somewhere. >> let's get reaction. s & p capital, jeff cox at cnbc headquarters and rick santelli in chicago. sam, where do you stand on all this? what's your take in terms of republicans coming out with their plan, post the president's plan released thi
this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get...
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we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key guys. he can only go so far. i would guess that they're the ones holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say
we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key...
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redstate has a fire boehner petition online for voters to sign. it reads in part in order to save the future of our country, we need to stop those in congress who aren't willing to put their foot down. well need an articulate spokesman in the house who is fiscally responsible and won't cave on principle. as your constituent, i ask you to please stand on principle and abstain from voting for speaker of the house on january 23rd. >> in abstention. what a march in the streets for abstention. with all due respect to the senator for redstate, the election to win was the one in november. and, you know, john boehner is a markedly more confident speaker now than he was last time around. when you have people like rand paul saying, well, there is a way we could maybe vote, but not vote, and let democrats vote, you know, this is what happened with the first clinton budget that went over so well where republicans backed out and then wanted to take claim for the economy that grew out of that clinton budget and the clinton economic policies. they are saying we'
redstate has a fire boehner petition online for voters to sign. it reads in part in order to save the future of our country, we need to stop those in congress who aren't willing to put their foot down. well need an articulate spokesman in the house who is fiscally responsible and won't cave on principle. as your constituent, i ask you to please stand on principle and abstain from voting for speaker of the house on january 23rd. >> in abstention. what a march in the streets for abstention....
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>> boehner might be willing to do a deal. the rank-and-file wants to hold fast and stick to principle which is rare in washington. david: what is your feeling? do you think we'll go off the cliff? >> i think it will go right to the end. if boehner and senator mcconnell do not cave, i think we'll kick the can down the road. for once that will be a good thing rather than a bad thing. david: steve forbes, forbes media chairman. >> good to see you, david. david: liz, over to you. liz: they're doing it in churches and cafeteria, ready for a workout. "inc." magazine named sumba fitness the company of the year. we have the ceo of assume ba fitness. we have the fitness instructor. we will combine latin music into a great workout that has grown into a huge empire and what it takes to join in. ♪ . >> i'm robert gray with your fox business brief. pandora is getting static in after-hours trading on a weaker than expected forecast. it is overshadowing strong third quarter results from the internet radio giant. >>> 2 will be a very speci
>> boehner might be willing to do a deal. the rank-and-file wants to hold fast and stick to principle which is rare in washington. david: what is your feeling? do you think we'll go off the cliff? >> i think it will go right to the end. if boehner and senator mcconnell do not cave, i think we'll kick the can down the road. for once that will be a good thing rather than a bad thing. david: steve forbes, forbes media chairman. >> good to see you, david. david: liz, over to you....
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boehner said his plan represents a middle ground. he's ready and eager to talk to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax reform that includes closing the loopholes, eliminating some of those tax credits, that will actually impact the wealthiest. >> reporter: some republicans said the boehner plan goes too far in taxing the well-off. south carolina senator jim demint, a staunch fiscal conservative, blasted the plan on twitter today. he said speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more. but the senate's democratic majority leader harry reid warned republicans against listening to such voices. >>
boehner said his plan represents a middle ground. he's ready and eager to talk to the president about it. congresswoman kathy mcmorris rogers of washington state is the party's conference chair in the house. >> we're going to either succeed together or we're going to fail together. the president is calling for higher taxes as well as more spending. he's calling for another stimulus. at a time when we need tax reform. we need to be looking at... and the republicans have put forward tax...
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look, in the negotiations, speaker boehner was reportedly offered revenue. the presidents asked for $1.6 trillion in revenue. there's a bid. there's an ask. >> let me bring that to congressman ellison, we started to see the beginnings of a counteroffer from mitch mcconnell. he offered three things. he said that he's gradual increase in the eligibility age for medicare. some adjustments to social security cola. i believe those are all nonstarters to you and the progressive caucus. >> those would be a problem because raising rates and increasing eligibility age is going to hurt people across income scales. particularly low income seniors and people like that. that wouldn't work for us. >> the president has been open to some of that before. >> here's the deal, the people of the united states believe that medicare is an important program. they don't want to see beneficiaries cut. if we find cuts that don't result in cuts to beneficiaries that's one thing. but we're not going to go after seeing the president win this election, we won the white house, turn right a
look, in the negotiations, speaker boehner was reportedly offered revenue. the presidents asked for $1.6 trillion in revenue. there's a bid. there's an ask. >> let me bring that to congressman ellison, we started to see the beginnings of a counteroffer from mitch mcconnell. he offered three things. he said that he's gradual increase in the eligibility age for medicare. some adjustments to social security cola. i believe those are all nonstarters to you and the progressive caucus. >>...
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the holdup right now is that speaker boehner took a position the day after the campaign. that said we are willing to bring in revenue and not willing to bring in rates. we have could solve this in a week. it's not that tough. but we need that conceptual break through. >> we have a debt problem out of control. we have to cut spending. i believe we can put revenue on the table. revenues on the table will come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more, more of their money to the federal government without raising tax rates which we believe will harm our economy. i'll be here. i'll be available at any moment to sit down with the president to get serious about solving this problem. >> bret: the back and forth today in the fiscal cliff negotiations that aren't really negotiations as they're not sitting in one room. today, the treasury secretary tim geithner said in an interview that there is a little bit of progress. but yes, the white house would, "absolutely go over the fiscal cliff" if the republicans woul
the holdup right now is that speaker boehner took a position the day after the campaign. that said we are willing to bring in revenue and not willing to bring in rates. we have could solve this in a week. it's not that tough. but we need that conceptual break through. >> we have a debt problem out of control. we have to cut spending. i believe we can put revenue on the table. revenues on the table will come from guess who? the rich. there are ways to limit deductions, close loopholes and...
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Dec 7, 2012
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house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income ta
house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days...
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it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about
it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of...
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i don't -- speaker boehner and i speak frequently. the issue doesn't have to sit in a room. the issue that is relevant is the acknowledgment if we are going to raise revenues, that is sufficient to balance with the cuff cuts that we have made and further reform and entitlement i am prepared to make, that we are going to have to see the rates on the top 2%. go up. and we are not going to be able to get a deal without it. >> getting in to that room and hammering out the deal doesn't seem like it's happening anytime soon. there may be talking behind the scenes. as far as the big players it doesn't mean to be a lot of movement on the fiscal cliff. here is what the senate minority leader had to say. >> i hope at some point here the president will understand that there will be no solution to this. i remind people that there is only one person out of 307 million americans who can sign something in law. that is the president. only one person can support a deal he makes. that is the president. >> tucker carlson. nina easton and charles krauthammer. welcome back. what do you think? >>
i don't -- speaker boehner and i speak frequently. the issue doesn't have to sit in a room. the issue that is relevant is the acknowledgment if we are going to raise revenues, that is sufficient to balance with the cuff cuts that we have made and further reform and entitlement i am prepared to make, that we are going to have to see the rates on the top 2%. go up. and we are not going to be able to get a deal without it. >> getting in to that room and hammering out the deal doesn't seem...
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the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going to get the rest of it? it will have to come from entitlement reform and meaning spending cuts. >> it's coming from loopholes. i think we can. >> he criticized governor romney's plan based on the premise there is
the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget....
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boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo through space. filling the void that nasa has left. >> it's like watch what he does zblep's going to be the railroa
boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our...
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. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of the legislature had repairs on those vehicles and repairs were made before lawmakers used them for their personal use. in any case the costs were thousands of dollars. >> only state in the country finally ended this program and they saw some abuse and they saw voters did not like the program and that it was a perk they could give up. >> starting this year, lawmakers are not issued any cars anymore instead they are. >> paid a moulin rate -- mileage rate for using their own vehicles. >>> now here is a look at items where they recently confiscated them from the burglary ring. investigators have arrested two brothers an
. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of...
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they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no -- there's no alternative. >> bob, you, yesterday, shadowed grover norquist for quite some time. you went to the meeting, his wednesday meeting. >> that's right. >> he has all the time with some of the most powerful conservatives in d.c. and across the country attending. what was their attitude about any deal that boehner might have to make? >> it's pretty interesting when you talk to house republicans because they look at boehner from two different perspectives. on one side, boehner went in front of the house conference and he said, i'm not go
they are speaking as one with john boehner. so that's, i think, the big difference is that boehner, cantor, mccarthy, throw paul ryan in there, this is a quartet that is moving as one, negotiating as one. there's no, none of this looking over the shoulder. on the leadership side, it's a much different story. yes, it really depends on how you want to try to view it. can you find more rank-and-file conservative republicans who are sort of not in the circle? yes. to complain. but there's no --...
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in return boehner will demand something in return. that has got to be serious spending cuts and serious entitlement reform. so far the president has not given very much. although i will say when i talked to tim geithner, treasury secretary last week on "fox news sunday", he seemed to be inviting the republicans to do it, in effect saying look we'll not sit there did it ourselves. we can't make your demand for you. you should two demand it. of course there is some politics in that because it is a little difficult to say, yeah we want to raise retirement age for medicare or we want to cut or limit the social security cost of living adjustment. but i think the democrats will say, republicans you have to demand it but we'll give it to you if you demand it. martha: seems there are two levels of the political reaction to all of this. you've got the moment when a deal is reachesed, okay? you have what happens to the economy, six, seven, eight months down the road. if indeed you allow taxes to go up on all 100% and it starts to hit businesses
in return boehner will demand something in return. that has got to be serious spending cuts and serious entitlement reform. so far the president has not given very much. although i will say when i talked to tim geithner, treasury secretary last week on "fox news sunday", he seemed to be inviting the republicans to do it, in effect saying look we'll not sit there did it ourselves. we can't make your demand for you. you should two demand it. of course there is some politics in that...
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after what boehner's republicans in the house did to him. here is how he explained it. >> now despite all of this i wasn't going to make a deal. despite everything they put him through, i was willing to hold fast but they all changed on thursday. because on thursday this man, this grown man was pushed into the congressional ladies' wash room naked from the waist down. they held me down and took my pants. >> they held down and took his pants. and he had to stand there in front of his female colleagues. one hand covering his genitals the other trying to cover his butt crack. neither hand succeeding. >> bill: to hear that in the obama voice is perfect >> bill: to picture john boehner in that embarrassing position. i don't know. >> it's just plausible enough. >> bill: it is. the only thing that is unbelievable about that is that there is a ladies' restroom. there may be one. right? in the entire building. >> it's impossible to find. >> bill: we have heard a lot of complaints about that. i hope congress has made some adams now that there are more
after what boehner's republicans in the house did to him. here is how he explained it. >> now despite all of this i wasn't going to make a deal. despite everything they put him through, i was willing to hold fast but they all changed on thursday. because on thursday this man, this grown man was pushed into the congressional ladies' wash room naked from the waist down. they held me down and took my pants. >> they held down and took his pants. and he had to stand there in front of his...
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of course, that one day that you actually have president obama and boehner come out on the white house lawn saying they're announcing some kind of a deal, you're probably going to see a sharp rebound on the back end of it. you certainly don't want to miss out. >> jeff, what's the third thing you do? buy cans of tuna fish? >> no, i think you have to watch it. the one thing i would disagree with is i don't like dividend payers right now. i think this idea of rushing to these special dividends could come back to actually backfire on some of these companies if they're not putting their cash to good use. it's almost like they're trying to bar the door to keep investors from going out. i'm a little afraid there. i'm also afraid of munis here. on the back end of this, there's a good chance munis could lose their tax-exempt status. that could cause some problems. they've had great run here. i think they're very susceptible to talks coming from the fiscal cliff. >> i think if they took the tax-exempt status away, we'd all be in trouble. >> then what do you do? >> it's a horrible thing as far as
of course, that one day that you actually have president obama and boehner come out on the white house lawn saying they're announcing some kind of a deal, you're probably going to see a sharp rebound on the back end of it. you certainly don't want to miss out. >> jeff, what's the third thing you do? buy cans of tuna fish? >> no, i think you have to watch it. the one thing i would disagree with is i don't like dividend payers right now. i think this idea of rushing to these special...
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Dec 10, 2012
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doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby
doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president....
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very conservative and he has had to balance that with negotia
that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to...
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and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll t
and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >>...
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that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey booboo. >> the tlc toddlers and tiaras beauty queen will be part of the special. no word who else will be on that list. >> how dare you reveal the names. this is the biggest suspense of the year. who will barbara walters name? i could care less. >> last year kim kardashian. all three sisters. that did not go over well they said they need more serious people on the list. now you have them, honey boo-boo. >> walters jumped a sharks in 1790. >> i would like to be employed, continue to be employed. i don't have luxury of my own radio show yet. >> plenty of lawmakers have done the flood stamp challenge. mayor cory booker tweeted a photogra
thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey...
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more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president tho
more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman dancing around. the station was also in trouble last year for allowing some fire trucks to be used in a porn movie. >> san francisco police are using a new tool to help solve crime. the public can help use
boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will...
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he was willing to do that in negotiations with boehner in 2011. he's willing to even think about raising the age of eligibility for medicare. he was willing, if the republicans would have played on obamacare, to give them malpractice reform. >> he's not leading on it. >> well, i mean, you know, he's no, on it. and i think that every time the president makes an initial proposal, republicans squeal and say it's of-- it's negotiating. and i think that negotiation is going on now. and if they're smart-- i know this is a real leap if of when it comes to this congress-- if they're smart, they'll get it done in the next week. >> schieffer: major, all the problems are not here at home. there are pretty big ones building overseas. this whole syria mess. ones where this thing is going. what's the latest on that. >> the feeling in the administration is they're gathering intelligence information on an hourly basis to try to figure out what's happening to the stockpiles of chemical weapons. with they being mixed, moved, is there anything of dire immediate cons
he was willing to do that in negotiations with boehner in 2011. he's willing to even think about raising the age of eligibility for medicare. he was willing, if the republicans would have played on obamacare, to give them malpractice reform. >> he's not leading on it. >> well, i mean, you know, he's no, on it. and i think that every time the president makes an initial proposal, republicans squeal and say it's of-- it's negotiating. and i think that negotiation is going on now. and...
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boehner. >> let's not kid ourselves. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal and they sum one up here that calls for $1.6 trillion in new taxes, calls for not even $4 billion in cuts, and they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it was not a serious proposal. and so right now we're almost nowhere. >> let me start with -- let me start with joe jan on this thing because you and i often agree. this whole thing here, i just think boehner has never accepted the fact that the rates have to go up at the top. i mean they're talking about deductions and all this finesse, they lost this debate. if there was any issue that came out, the president was dead right. he mads he statement clear. the public wants to have some tax fairness. they don't want the top 2% to hold this thing up. boehner doesn't wan
boehner. >> let's not kid ourselves. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal and they sum one up here that calls for $1.6 trillion in new taxes, calls for not even $4 billion in cuts, and they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it was not a serious...
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and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his radio address yesterday he said he's willing to work with republicans to hammer out a plan he says would give both sides some of what they want. meantime, of course, the clock is ticking. >> it is, we're watching, steve. thank you very much. >>> much of the conversation in washington regarding the fiscal cliff is focused on tax rates or how the federal government can bring in more revenue from you. what about the other side of the equation? cutting back on spending and borrowing. steve moore joins us to talk about that and separate fact from fict
and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his...
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from speaker john boehner that he is not the house republican budget. they're trying to move more to the middle, and they believe this is the best way to do so, guys. >> on that $600 billion in health savings, do we have any clarity on what that would be? bahama ca obama care, medicare, medicaid? >> from the briefing it pertains to medicare and medicaid. the one specific thing we got is part of the health savings in the $600 billion mark would come from raising the medicare entry age from 65 to 67. something that the house republicans have talked about before. that is very much a big part of that 600 billion in health savings. >> thanks, luke russert, on the hill for breaking it down. let's go back to michael crowley. steve wants to get wonky with you. >> i haven't looked closely at this. what jumps out is the difference between obama saying he wants 1.6 trillion revenue and republicans say 800 billion in revenue. as luke said, not giving in on the issue of raising tax rates. they hold out this promise of tax reforms with loopholes and deductions. i don
from speaker john boehner that he is not the house republican budget. they're trying to move more to the middle, and they believe this is the best way to do so, guys. >> on that $600 billion in health savings, do we have any clarity on what that would be? bahama ca obama care, medicare, medicaid? >> from the briefing it pertains to medicare and medicaid. the one specific thing we got is part of the health savings in the $600 billion mark would come from raising the medicare entry...
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now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what john boehner is advocating is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it
now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than...
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hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00 p.m. and 6:00 p.m. right here on the fox news channel. >> jamie: well, there is a push by the senate republican leader mitch mcconnell as well to put medicare and social security on the table to try and the budget crisis we're talking about. mcconnell telling the "wall street journal" that those are the kind of things that would get republicans interested in new revenue. maybe bipartisan. john fund, a columnist for the "national review magazine." good morning. >> good morning. >> jamie: great to have you here this morning. >> thanks. >> jamie: we have less than a month left as we have been talking about went're now in december for the fiscal cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to g
hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00 p.m. and 6:00 p.m. right here on the fox news channel. >> jamie: well, there is a push by the senate republican leader mitch mcconnell as well to put medicare and social security on the table to try and the budget...
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so it's a lot of problems for boehner. we're going to see how skillful and how powerful and how really strong and how good of a politician he is over the next month, how he handles the challenge. the white house doesn't want to ultimately damage boehner too badly because if you lose him, you lose his power and he steps down. he's only speaker two more years. who do you get next? somebody not as moderate and not going to want to negotiate in the same way that he has? so it's careful situation for all around. >> yeah. eric cantor, the thing that protects boehner the most from a mutiny is he doesn't want to deal with it right now. that if anything else keeps boehner in the job for two more years. up next, is america in the tloes of a religious revival? it may not feel like it, but the numbers show religion is as powerful and influential as ever. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what
so it's a lot of problems for boehner. we're going to see how skillful and how powerful and how really strong and how good of a politician he is over the next month, how he handles the challenge. the white house doesn't want to ultimately damage boehner too badly because if you lose him, you lose his power and he steps down. he's only speaker two more years. who do you get next? somebody not as moderate and not going to want to negotiate in the same way that he has? so it's careful situation...